IOST - Breaking out! Trade active!
Updated
Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
As we've been saying for well over a week now, we're trading the breakout of this on the news. There was a lot of overhead resistance just shy of 200 and we've broken through that. I do expect there to be some bouncing here but I believe we're going to get a bit closer to 250 before this is over.
A fibonacci extension based on wave 3 gives os a target of somewhere between 250 and 290 but I'm not really expecting it to get that high. I am personally setting a sell at 250. BTC is likely to make some more moves in the next couple days and if it's downward, this and most other alts will likely be affected.
As a point of caution, there's some news this week which will have an affect on the price when it's released or likely beforehand, so be ready to abandon ship.
Trade safely friends!
<3 -CE-
As we've been saying for well over a week now, we're trading the breakout of this on the news. There was a lot of overhead resistance just shy of 200 and we've broken through that. I do expect there to be some bouncing here but I believe we're going to get a bit closer to 250 before this is over.
A fibonacci extension based on wave 3 gives os a target of somewhere between 250 and 290 but I'm not really expecting it to get that high. I am personally setting a sell at 250. BTC is likely to make some more moves in the next couple days and if it's downward, this and most other alts will likely be affected.
As a point of caution, there's some news this week which will have an affect on the price when it's released or likely beforehand, so be ready to abandon ship.
Trade safely friends!
<3 -CE-
Trade closed manually
We didn't get to where I would have liked but we did tag the median and get rejection and that was enough for me to get out. Obviously I didn't sell the top but I got out in the high 210's. There's a chance this may pop tonight but I am not willing to risk it anymore.
CE - BitDoctor
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